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The Charter Schools Development Corporation (CSDC), a 501(c)(3) non-profit organization, provides comprehensive, innovative, financial services to charter school organizations nationwide to help them lease or purchase facilities suited to their educational mission and student enrollment needs through lease and loan credit enhancement and guarantees, a facilities development program, and financial consulting and loan acquisition services.
All of CSDC’s programs and services have supported a variety of charter schools with diverse student populations and educational models, from start-ups (less than three years of operating history) to more established and expanding schools, as well as those that are independent and those with management organization affiliations.
CSDC is the leading financial partner and facility solutions provider to charter schools nationally and has continued to expand to serve the ever-growing need of charter schools for expert advice and assistance with the financing and development of facilities. Specifically:
CSDC has provided $33M in credit enhancement for 77 schools in 22 states (including DC) serving over 21,000 students (49% low income), leveraging over $237M in private capital financing and lease commitments for more than 2.4 million square feet of safe, modern and efficient educational facilities. As owner, developer, landlord and property manager, CSDC, through its Turnkey Facilities Program and at its own expense, has provided 635,000 square feet of educational facilities for 16 schools (tenants) serving over 4,300 students (67% low income).
Charter FS, LLC, a subsidiary and the financial advisory arm of CSDC, has advised and assisted 122 client charter schools in procuring $214M in working capital loans and long-term financing for facilities and capital improvements via the bond market. Another CSDC subsidiary, CSDC New Markets Fund, LLC, received $40M in New Markets Tax Credits and fully sourced (suballocated) those federal income tax credits for a like-amount of equity and debt capital used to finance permanent facilities for five charter schools in four states plus D.C.
The Building Block Fund SM
Credit Enhancements and Financing Guarantees For Charter School Facilities.
Turnkey Facilities Program
A Non-profit Landlord for Charter School Tenants.
Charter FS, LLC
Financial Consulting & Loan Acquisition.
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